The Globally Expanding Quartz Market: Key Growth Factors | Key Competitors | Future Directions
Published Date: 05 Jul 2023
The highly competitive global quartz market is witnessing notable growth and is set to register around 5.8% CAGR during 2023-28, mainly on the back of the rapidly expanding construction sector worldwide and the burgeoning demand for quartz in the electronics & semiconductor industries, owing to its excellent physical, chemical, & electrical characteristics.
Moreover, the mounting penetration of EVs (Electric Vehicles) & connected car technologies is another prominent aspect accelerating the demand for quartz. It owes to the increasing integration of electronics & semiconductor components into vehicles, including infotainment systems, ADAS (Advanced Driver-Assistance Systems), & autonomous driving technologies, which necessitates the use of quartz to ensure accurate timing & frequency control in these applications.
Quartz reserves are abundantly available in China, India, & South Korea, where the demand is backed largely by the electronics & semiconductor industries for the production of quartz crystals, oscillators, filters, & resonators. As these countries are among the major producers & consumers of quartz and have a significant presence in the electronics & semiconductor sectors, Asia-Pacific is the largest market for quartz. Worldwide, several companies are actively involved in mining, processing, & manufacturing quartz-based products for various applications. Let’s have a look at some of those and their notable work in recent years.
- Caesarstone Ltd., headquartered in Israel, is a leading manufacturer of quartz surfaces and offers a wide range of quartz-based products, including countertops, vanities, and tiles. In recent years, the company has been actively involved in product innovation & diversification and has introduced new color collections & surface finishes to cater to evolving consumer preferences. Caesarstone has also expanded its distribution network globally, i.e., in line with its aim to strengthen its market presence in various regions.
- Saint-Gobain S.A. is a leading global manufacturer & distributor of numerous construction materials, including quartz-based products, and offers quartz surfaces under various brand names like SGG Quartz and Sageglass. The company has been significantly investing in research and development to introduce innovative quartz products with enhanced functionalities while also focusing actively on sustainability & energy-efficient solutions in their manufacturing processes.
- AGC Inc., formerly known as Asahi Glass Co., Ltd., is a Japanese company that operates in various verticals, including glass & ceramics and manufactures engineered quartz surfaces under the brand name PureWhite™. AGC has been actively expanding its market presence globally to cater to the demand for high-quality quartz surfaces while also implementing sustainability & eco-friendly manufacturing processes.
- Kyocera Corporation is a diversified technology company with operations in various sectors, including ceramics & electronics, and manufactures ceramic-based materials, including quartz ceramics, for a wide range of applications. The company has been investing in advanced manufacturing technologies to enhance the performance & reliability of its quartz ceramic products while also collaborating with partners to develop customized solutions based on customer preferences.
- Heraeus Holding is a German technology company that operates in various domains, including quartz & specialty materials. Although known primarily for its expertise in precious metals & advanced materials, the company has also been providing quartz components for optical applications, such as the manufacturing of lenses, windows, & mirrors, among other optical elements. In addition, it has been actively working on improving the optical properties of its quartz materials in order to cater to the demanding standards of telecommunications, aerospace, and defense industries.
Compared to other materials, quartz stands out for its extraordinary resistance to impacts, abrasions, scratches, & stains, which owes to its great versatility in terms of aesthetics, hygiene, & durability. With characteristics like a wide range of colors & patterns, low maintenance, and sustainable & highly versatile nature, coupled with ongoing advancements in its production processes, quartz continues to gain popularity amongst consumers & the design community.
Several Asian countries are witnessing significant investments from international quartz manufacturers in the establishment of production facilities in the region, which owes to the favorable manufacturing environment with the easy availability of cheap labor, advanced infrastructure, & supportive government policies. Hence, in view of these trends, the global quartz market is set to expand at a notable pace in the coming years, which would generate lucrative prospects for the leading players operating in the industry.